September 24th Morning Bitcoin Ethereum Market Analysis and Trading Strategy

The one-hour Ethereum currently shows a typical range-bound oscillation pattern, with prices repeatedly operating between the strong support at 4000 points and the resistance at 4220 points, and the market has not yet shown a clear directional drive. Technical indicators indicate that the current volatility is low, trading volume has significantly shrunk, the moving average system is entangled with each other, and a sideways resonance has formed near the middle band of the Bollinger Bands, further reinforcing the judgment of a fluctuating market. Trading volume is significantly below the average line, showing a volume-price divergence phenomenon, and market momentum is insufficient, making the probability of achieving an effective breakthrough in the short term relatively low.

Bitcoin's short-term price experienced a noticeable pullback after reaching the resistance level of 113500 mentioned in yesterday's analysis, but it has not broken below the weekly support area of 110000-108000. Currently, from a weekly perspective, the price remains above the previous upward trend line and is overall in a pullback phase within an uptrend. However, cyclical indicators are generally bearish, and if this support area cannot be effectively held this week, the market may further test around 106000 next week.

Ethereum: 4160-4140 long, target: 4230-4300
Bitcoin: 11.2000–11.1700 more, target: 11.3000-11.4000
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